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Short term opportunity on PYPLToday, we will speak about the current situation of PYPL - We can see that the price reversed from a strong support zone - The price broke the current descending trendline - On the edge of that broken trendline, we can see a corrective pattern, of course, that if the price keeps falling, the setup would be canceled. - The final target for this pattern is the next resistance zone at 276.00 - The stop loss for this situation must be placed below the whole structure. - In case everything goes as expected, we think the duration of the movement can take between 5 to 10 days Thanks for reading!
NASDAQ:PYPL
by ThinkingAntsOk
1
Multi timeframe analysis on NIO Today we will make an update on a previous idea we developed on NIO (Link to related ideas) First, let's start with the big picture, the daily chart. -Here, we can see that the price found a strong level on the convergence area of the ascending trendline and the support zone. That's our main structure to support the bullish idea; now, we want to see the targets and how to trade them. -On the 30 minutes chart, we are using a previous situation as a filter to validate our current view. We have a broken descending trendline broken + Flag pattern on the outside of the broken trendline, and finally, a bullish impulse towards the next resistance zone. -We can observe in the current situations a lot of similarities with the previous one. -We have the price bouncing from a major level on a higher timeframe, and we can see a corrective structure being formed on the outside of the descending trendline. Now we want to see a much bigger Flag pattern (similar size to the one that happened before). IF that happens, we will define our activation level on the green horizontal line. Our invalidation level will be below the flag pattern, and the target we will use for this movement is the next resistance zone. -Take this as an idea that is not completed yet. We will make a new post when we consider that the structure is ready to trade. Thanks for reading!
NYSE:NIO
by ThinkingAntsOk
13
A breakout is happening on MCDToday, we will share our View on MCD Key elements we can see on the chart: a) The price is above a resistance zone; currently, we can see a corrective pattern on the edge of that level b) Now, we are observing a breakout of the structure that has been on a range for 150 days c) Our Activation level is the green line; if the price reaches it, we will consider that the setup is ready to execute d) The red line below the structure represents the invalidation level or the stop-loss where we will cancel or close our setup e) The first fibo extension is the break-even level where we will move our stop loss to the entry area f) The second fibo extension is the target of the movement we are expecting g) The risk we will take on this setup is 1% of our capital h) The ascending movement can last between 3 to 4 months Thanks for reading!
NYSE:MCD
by ThinkingAntsOk
3
Retracement Near for Stocks?Stocks are bullish, but their trajectory is waning. The Kovach OBV is still strong but has been leveling off. This is usually an indication that we will get a retracement soon. The level 3738 seems to be providing some resistance and we won't be able to break through without some significant momentum. If we can, the 4000's are in sight and 4009 is the next target. A retracement here could be swift and take us to 3887 or even 3867. The neckline of our inverse head and shoulders should provide further support at 3848.
FX:SPX500Short
by quantguy
WTER, a Technical versus Fundamental perspective.*I'm a beginning crypto and stock trader who receives training and schooling from The Rational Investor's School for Trader Development (TRI). This is posted for entertainment purposes only, not trade or financial advice. Detailed in this chart are some of the indications I look for to enter a trade. This asset looks bullish to me as detailed on my chart. If trading, I would consider entry at current price of $1.21, or split my allocated capital and enter at a $1.12, .681 retrace, or perhaps a revisit to a previous day's tail at $1.15. Only a very small percentage of my investable capital and risk to 0. My sell target would be near previous high of $2.42, at a double, where I would self half my position to recoup my initial investment. The rest of my free position rides. However, a fundamental picture as seen on finviz has its own story, one typically I would avoid when looking for assets to invest in. Some people also have moral and ethical concerns surrounding commercialism of ground water, and, typically, the plastic waste it produces. finviz.com In the end, I chose to paper trade this name, only. I'm interested in seeing how the price moves in light of some of its fundamental values. Thanks for stopping by, and I appreciate any feedback or other perspectives on trading. NASDAQ:WTER
WLong
by Cryptough
Key levels for Position/Swing traders on TSLAToday we will share all the key levels on TSLA; this post may be relevant for position / Swing Traders. What are the most relevant technical structures we can see? 1)Ascending Trendline (white line) 2) Support / Resistance Zone (orange rectangle) 3) Descending trendline (yellow line) With those 3 levels, we can create a map of possible scenarios of price movement. Now, let's understand what is the Non trading area and the trading area. Non-Trading Area: This is a zone in which we don't have confirmation of a new bullish movement. This is defined by the yellow descending trendline. IF the price stays below the yellow line we should assume that the current trend still bearish and we should not develop long setups. Why? Because trendlines are great at telling us the most external edges of a Bearish or bullish situation. Trading Area: The trading area for Position / Swing Traders is above the yellow line. If we have clear confirmation of the broken trendline like Daily candlestick above it / or the one we use the most, price breaking "B" (883.50). We can consider that a new possible bullish trend has started, the targets, in that case, would be 1054 and 1253 (we are using Fibo extensions to define that. (if you want to learn how to use fibo extensions check the link to related ideas, you will find it there + other TSLA posts)) REMEMBER: Every trade you take is another trader, which means that you can either have a stop loss or a take profit despite having all the certainty in the world. Pay attention to the next 100 trades and find your edge on Statistic. Thanks for reading!
NASDAQ:TSLA
by ThinkingAntsOk
3
Innovative Industrial Properties (IIPR) BTFDInnovative Industrial Properties (IIPR) is primed to BTFD. I have a $220 target and could see upwards of $250 in the near to mid future. They're my "pick and shovels" play in the Devils lettuce industry. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) has been consistent and their debt to asset ratio is gnarly af. No need to thank me nerds (except if you lose money, dont blame me either lol) “As far back as I can remember, I really just wanted to get me some money.” -Gucci Mane
NYSE:IIPRLong
by Augustus_Lee7
Cup and handle pattern on BIDUWe know the market in general terms. It's in an "overbought" situation. However, our job here is to analyze any chart and make conclusions based on what we see. What can we see here? -The price made a new ATH after breaking the major resistance zone. -After that, we can see a Flag pattern on the Edge of the Major resistance zone. -From a technical perspective, this can be considered a Cup and Handle Pattern. The lines you can see on the chart are: Greenline: Activation level, there we will open our setup Redline: Invalidation level, there we will ser our stop loss, or we will cancel our setup if the price reaches it without executing our trade. Fibo extensions: The first one is our Break-Even level, and the 2nd one is our final target Remember: This is another setup, which means that you should be open to a stop loss or a profit. When you are trading chart patterns, you are creating an edge over 100 setups. The most likely scenario is that you can have 35 Take Profits, 40 stop losses, and 25 Break-Evens. With an average risk-reward ratio of 1.8, you are profitable. That's how a real strategy behaves. Thanks for reading!
NASDAQ:BIDU
by ThinkingAntsOk
1
S&P Failed Breakout??The S&P broke out from our inverse head and shoulders pattern, but faced resistance at the trend line which forms the upper bound of our pseudo-megaphone pattern. If we can't muster the momentum to continue the breakout, then this is a bearish sign and the S&P could retrace all the way back to 3737. If momentum picks up we can easily hit 3909, a technical level and a Fibonacci Extension level from Fibs anchored on the inverse H&S. The Kovach OBV has dropped off suggesting weakening momentum
FX:SPX500
by quantguy